Tag: aluminum prices

According to VIS Rating, the asset risk for banks in September 2024 remained stable, with limited impact from Typhoon Yagi. However, liquidity risk heightened as banks increasingly relied on short-term market funds and interbank interest rates surged.

The morning's tug-of-war continued into the afternoon session, with the market cautiously awaiting the reaction of bottom-fishing funds. The T+ day witnessed a market decline, breaching the 1200-point level. In a surprising turn of events, foreign investors turned net buyers in the latter part of the day, reversing the net trading position from the entire session.

After surrendering the $2,600/oz milestone last week, this precious metal is marching towards reclaiming the pivotal $2,700/oz mark.